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Perfecto Products Provided the Following Selected Information About Its Consumer  Desired ROI 9% Net Income $160,000 Residual Income $70,000\begin{array} { l c } \text { Desired ROI } & 9 \% \\\text { Net Income } & \$ 160,000 \\\text { Residual Income } & \$ 70,000\end{array}

question 30

Essay

Perfecto Products provided the following selected information about its consumer products division for 2012.  Desired ROI 9% Net Income $160,000 Residual Income $70,000\begin{array} { l c } \text { Desired ROI } & 9 \% \\\text { Net Income } & \$ 160,000 \\\text { Residual Income } & \$ 70,000\end{array}
Required:
Based on this information, calculate the company's investment amount (amount of operating assets).


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